The amount of unsecured credit has hit the same level as in the financial crisis of 2008, topping £200bn. This is due to extremely low pay wage increases, high inflation, and economic uncertainty. People have been turning to loans and overdrafts to stay afloat, but we’re back in dangerous waters.
Back in crisis waters
With unsecured credit back in the same ballpark as it was during the 2008 financial crisis, we’re entering dangerous financial times. Consumers have been relying on loans, overdrafts and credit cards to try and keep their head above water, but it looks like things are going to stay volatile.
Don’t rely on unsecured credit
To make sure we don’t end up in the same mess as we did nearly a decade ago, it’s important to avoid the credit trap and find an alternative to unsecured credit. Forex trading offers that alternative, giving you access to a market that’s open every working day, all day.
Discovering the power of Forex
Learn to Trade holds free Forex workshops to help educate people as to the power of the Forex market. By discovering how the Forex market works and what you can do with it, you’ll be able to avoid the credit trap and keep you and your loved ones safe.
Learn from the best
Learn to Trade isn’t just a Forex educator, we’re THE Forex educator. We’ve been voted the top teacher of how the Forex market works and how to make it work for you every year since 2014. Our traders will show you how to trade, and by using their personal accounts, you’ll see it in action with real money.
Learn to Trade
If you’d like to find out more, come along to one of our free Forex workshops now.